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Property profile & analytics
OFF-MARKET
Estimated value
$7,805,000
Assisted living facilities
363 Gilbert St San Bernardino, CA 92404-5343
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-1614892
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1985
Construction
CONCRETE
Total area
45,852 SF
Lot
0.34 ac (14,700 SF)
APN
0147-091-17-0000
UPID
US10-1614892
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bernardine Senior Independent Living Retirement Community Nursing Home
-
Steve young Grocery & Convenience Store Food Market
-
Laurel Place Retirement Retirement Community Nursing Home
-
CC Car Sales Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.81M
Owner & transaction history
Castle Rock Investors LLC · 3 yrs held
Castle Rock Investors LLC
since 2022
Last sale
$8.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.8M
+386.5%
Office building
$10.7M
+382.9%
Restaurant
$8.7M
+289.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Bernardino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Bernardino submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,350,000
ML approach
$7,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,815,000
Change: +386% · Conversion: Difficult
OFFICE BUILDING
$10,735,000
Change: +383% · Conversion: Difficult
RESTAURANT
$8,660,000
Change: +290% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,475,000
Change: +191% · Conversion: Difficult
MEDICAL BUILDING
$5,300,000
Change: +138% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,250,000
Change: +136% · Conversion: Difficult
Blend value · Realmo final
$7.81M
Range $7.02M – $8.59M · ±10% · vs last sale $8.25M (Nov 1 2022)
Last sale anchor
$8.25M
Nov 1 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$170 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,233
Tax year 2023
Assessed value
$4,075,000
Assessed 2024
Previous assessed
$4,075,000
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$100,000
Assessed improvement
$3,975,000
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Stories
4
Units
71
Total area
45,852 SF
Lot
0.34 ac (14,700 SF)
APN
0147-091-17-0000
UPID
US10-1614892
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$10.8M
OFFICE BUILDING
Est. value
$10.7M
RESTAURANT
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.3M
INDUSTRIAL (GENERAL)
Est. value
$5.3M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
NONE
Stories
4
Units
71
Lot
0.34 ac
Current owner
From public records · entity-resolved
Castle Rock Investors LLC
Entity
Mailing address
17328 VENTURA BLVD #404, ENCINO, CA 91316-3904
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
$8,250,000
Castle Rock Investors LLC
Bernadine Senior Apts LLC
Grant Deed
$6,000,000 · Mega Bank
Oct 25, 2021
—
Bernadine Senior Apts LLC
Pi Properties No 20 LP
Grant Deed
$5,450,000 · Alliance Bank
Jul 9, 2021
$7,240,000
Pi Properties No 20 LP
Bernadine Senior Associates LP
Grant Deed
—
Feb 26, 2019
$6,775,000
Bernadine Senior Associates LP
Squared Properties LLC
Grant Deed
$5,081,000 · Pacific Premier Bank
Dec 23, 2014
$3,675,000
Squared Properties LLC
Mid Wilshire Property
Grant Deed
$2,737,500 · Credit Union Of Southern California
Apr 1, 2003
—
Hi Lee
Al Investors San Bernardino
Grant Deed
$1,650,000 · Mercantile National Bank
Mar 2, 1998
—
Meditrust Acqisition Corp
Emeritus Corp
Grant Deed
related
—
Jul 24, 1992
$1,950,000
Jay L Feinstein
Encino Sav Bank
Grant Deed
$1,560,000 · Seller
May 31, 1988
$3,502,000
Golden Park Ici
Encino S&l
Grant Deed
$3,150,000 · Encino Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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